$204.58 -0.08%
ETH · 20w

Thinking About Buying the Latest New Cryptocurrency or Token?

By Lori Schock, Director of the SEC’s Office of Investor Education and Advocacy

Should you or shouldn’t you buy the latest new cryptocurrency or token?  I can’t tell you how many people have come up to me and asked if they should invest in bitcoin.  I recently conducted an investor education program at a retirement community and a woman said to me, “My children keep telling me I need to hurry up and invest in bitcoin—is it safe, have I already missed the boat?”  Seniors are not the only ones interested in bitcoin and other cryptocurrency-related investments.  Millennials are also jumping on the bandwagon. While I can’t give investment advice about bitcoin or any other cryptocurrency-related investment or product, I can provide advice on some things you should consider when deciding if an investment is right for you.

Perhaps the most important thing to know is the cryptocurrency-related investment markets are very different than our regulated securities markets.  For example, our securities laws provide important protections that you may not be getting when dealing in cryptocurrency-related investments.   In many cases you may not know exactly who you are dealing with, where your money is going or what you are getting in return.  For more detailed information, you can check out SEC Chairman Jay Clayton’s statement on cryptocurrencies and initial coin offerings (ICOs) and the Office of Investor Education and Advocacy’s investor bulletin on ICOs.

These digital assets have been trending and receiving the attention of celebrities, often through endorsements.  You may see them on social media, radio or TV promoting bitcoin and a variety of other products and services.  Never make an investment decision based solely on celebrity endorsements.  Just because your favorite celebrity says a product or service is a good investment doesn’t mean it is.  Always do thorough, independent research of the product.

Trendy investments are especi...

Continue on
Recent news
ETH -0.08% · · 2h

Interview with CEO of Changelly

check an #exclusive interview with @ilyabere CEO of @Changelly_team about #bitcoin #ethereum #cryptocurrency #crypto— kingscrown (@kingscrownBTC) October 24, 2018
ETH -0.08% · · 6h

The post-Tether stablecoin wars have begun

The post-Tether stablecoin wars have begun:Paxos/TrueUSD - BinanceTrueUSD -BittrexGemini Dollar - GeminiCircle USDC - Coinbase Maker Dai - HitBTC (lol)— James Spediacci (@JamesSpediacci) October 23, 2...
ETH -0.08% · · 8h

Using Deep Learning to Predict ETH Prices

Ethereum prices have fluctuated wildly in the past year, with daily double digit percent gains and losses the norm in the current state of affairs. Intelligence Authentic LLC endeavors to understa...
ETH -0.08% · · 9h

How ICOs Attract Investors

In order to attract investors, blockchain ventures devise new and interesting ways to garner interest in their concept. The majority of blockchain projects choose a bonus structure or a combination…
ETH -0.08% · · 9h

European countries join Blockchain Partnership

On 10th of April 2018, 21 Member States and Norway agreed to sign a Declaration creating the European Blockchain Partnership (EBP) and cooperate in the establishment of a European Blockchain Services ...
ETH -0.08% · · 11h

Coinbase on Twitter: "Coinbase is launching support for the USDC stablecoin. Starting today, Coinbase customers in supported jurisdictions can buy, sell, send, and receive USDC at and in our mobile apps. Learn more here:…"

Coinbase is launching support for the USDC stablecoin. Starting today, Coinbase customers in supported jurisdictions can buy, sell, send, and receive USDC at and in our mobile ...
ETH -0.08% · · 11h

CoinGeek Week London

In November 2018, the true pioneers of cryptocurrency and blockchain will be converging at our CoinGeek Week Conference, allowing them to share their knowledge, experiences and discuss the unique a…
ETH -0.08% · · 12h

GPU support arrived to Golem Brass 0.18.0

We are stoked to present a new major update for Brass Golem — 0.18.0. This new update comes with all kinds of goodies, the most prominent of which is the one all of us have been waiting eagerly for —…
ETH -0.08% · · 13h

HTC's blockchain phone is out, selling for 4.78 ETH

HTC just announced more specs for its much-hyped blockchain phone, the Exodus 1, and is letting people sign up for preorders. The phone contains a wallet that’s kept in a secure area "protected from t...